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12/19/2024
7 : 24
Longreads + Open Thread
Kotkin, Luttwak, Poker, DRW, PCs, Statistics, AI, Hamilton Longreads + Open Thread By Byrne Hobart • 14 Dec 2024 View in browser View in browser Longreads Tyler Cowen interviews Stephen Kotkin on
12/19/2024
6 : 54
What Would it Look Like if The Pod Shop Model Blew Up?
Plus! Economic Blocs; Benefits; Headlines; IP and Finance; Squaring the Global Imbalances Circle What Would it Look Like if The Pod Shop Model Blew Up? By Byrne Hobart • 16 Dec 2024 View in browser
12/10/2024
5 : 4
Longreads + Open Thread
Trading, Money, Homemakers, Taxes, AI, Passive Longreads + Open Thread By Byrne Hobart • 7 Dec 2024 View in browser View in browser Longreads Abraham Thomas has a delightful retrospective on an effort
12/10/2024
4 : 51
Social Media as a Test of Human-in-the-Loop Generative AI
Plus! Holdcos; Cash and Control; War Economies; In-Kind Dividends; Currency Social Media as a Test of Human-in-the-Loop Generative AI By Byrne Hobart • 9 Dec 2024 View in browser View in browser In
12/2/2024
15 : 34
The One-Big-Side-Bet Model of Wealth Creation
Plus! Diff Jobs; Building Japan's Financial Ecosystem; The New Balance of Trade; Where Return on Investment Goes; Broken ETFs; Swipe Fees and Accounting The One-Big-Side-Bet Model of Wealth
11/30/2024
17 : 4
Longreads + Open Thread
Shanghai, Wrong, Returns, Nuclear, Employee Performance, Feedback Loops, Buffett Longreads + Open Thread By Byrne Hobart • 30 Nov 2024 View in browser View in browser Longreads The FT has a piece on
11/25/2024
15 : 44
After Return on Equity
Plus! After Return on Equity; Operating Leverage in Media; Tech Globalization; Meta Memecoins; Accounting; Buy Low, Refi After Return on Equity By Byrne Hobart • 25 Nov 2024 View in browser View in
11/23/2024
17 : 4
Longreads + Open Thread
Microsoft, The Study, Fraud, Electronics, Gaming, Loss Aversion, Gut, Kerkorian Longreads + Open Thread By Byrne Hobart • 23 Nov 2024 View in browser View in browser Longreads Steven Levy profiles
11/18/2024
15 : 44
The Modern Private Equity Business was Invented in Beverly Hills in the 70s
Plus! Diff Jobs; Product Convergence; Musk v. Altman; The Bundle; Financing a Boom; Investor Protectionism The Modern Private Equity Business was Invented in Beverly Hills in the 70s By Byrne Hobart •
11/16/2024
17 : 4
Longreads + Open Thread
Replication, Gwern, Polostan, Druck, Prediction Markets, Selection Effects, Drexel Longreads + Open Thread By Byrne Hobart • 16 Nov 2024 View in browser View in browser Longreads Ever since Ioannidis,
11/11/2024
15 : 24
Rehabilitating Bubbles
Plus! Scaling; Deployment; Usage; The Arbitrage Cycle; Metrics Rehabilitating Bubbles By Byrne Hobart • 11 Nov 2024 View in browser View in browser In this issue: Rehabilitating Bubbles—Bubbles have a
11/9/2024
17 : 4
Longreads + Open Thread
Ballmer, Scalping, YouTube, Institutions, ChatGPT, Middlemen, Heresy Longreads + Open Thread By Byrne Hobart • 9 Nov 2024 View in browser View in browser Longreads Dan Luu argues that Steve Ballmer is
11/4/2024
17 : 14
Technologies as Cleverness Substitutes
Plus! Sin Taxes; Optionality; The Dow; The GPU Financing Ecosystem; AI Fragmentation Technologies as Cleverness Substitutes By Byrne Hobart • 4 Nov 2024 View in browser View in browser In this issue:
11/2/2024
17 : 14
Longreads + Open Thread
China, Defense, Hackers, Globalization, Language, Business Models, Funds Longreads + Open Thread By Byrne Hobart • 2 Nov 2024 View in browser View in browser Longreads Brian Potter on how China's
10/28/2024
17 : 24
Tools, Agents, Interfaces, and Synthetic Luck: AI Interaction Models
Plus! Lyft Got Fined For Telling the Truth and is Now Compelled to Lie to Drivers; Ozempic and Signaling; Wargaming and Pivots; Failure Modes; ESG, Etc.; Diff Jobs Tools, Agents, Interfaces, and
10/28/2024
17 : 14
Tools, Agents, Interfaces, and Synthetic Luck: AI Interaction Models
Plus! Lyft Got Fined For Telling the Truth and is Now Compelled to Lie to Drivers; Ozempic and Signaling; Wargaming and Pivots; Failure Modes; ESG, Etc.; Diff Jobs Tools, Agents, Interfaces, and
10/26/2024
17 : 14
Longreads + Open Thread
Schleps, Movies, Career Liquidity, Progress Studies, MVP, Locked Secured, Venture Scale, Prigozhin Longreads + Open Thread By Byrne Hobart • 26 Oct 2024 View in browser View in browser Today's
10/21/2024
17 : 14
Tokenomics, Revisited
Plus! AI and Education; Money Laundering; Agglomeration Economics; Threat Models; Universal Hardware; Diff Jobs Tokenomics, Revisited By Byrne Hobart • 21 Oct 2024 View in browser View in browser In
10/20/2024
8 : 54
Longreads + Open Thread
Lobbying, Pricing, Philosophy, Bayes, Culture, Games, Money, History Longreads + Open Thread By Byrne Hobart • 12 Oct 2024 View in browser View in browser Today's issue of The Diff is brought to
10/20/2024
7 : 14
Offshoring and AI Agents
Plus! Capital Structure; Designer Brands and Transaction Costs; SMBs; Top-Down Market Reform; Chosen Obligations Offshoring and AI Agents By Byrne Hobart • 14 Oct 2024 View in browser View in browser